Kanowna Belle the only operating refractory mine in WA, every other project has been shelved or gone into admin. Look at Bardoc assets sitting in the heart of Kalgoorlie. Rumour is hemi is going to need billions of capex but hey that's a virgin discovery from surface with favourable geometry.
drilling is expensive, if they need $7m for the next phase of growth says whatever's on the books isn't going to cut it.
remember the last raising stated they were fully funded to the study update. but the study was done under previous management. suffice to say it maybe flawed and assumptions shall we say optimistic. at least your MD has some cred to do the job - in the situation you won't find better so give the bloke a break
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